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Crypto

Alibaba spins off its AI chip subsidiary Pingtouge to go public in Hong Kong, with no guaranteed quota for shareholders

Alibaba announced that the Hong Kong Stock Exchange has confirmed that Pingtou Ge can be spun off. Pingtou Ge has confidentially submitted an H-share main board listing application in September. The issuance size has not yet been determined and needs to be approved by the Listing Committee and filed with the China Securities Regulatory Commission. The Hong Kong Stock Exchange has also agreed that Alibaba will exempt shareholders from guaranteed quotas. This article Alibaba spins off its AI chip subsidiary Pingtouge to go public in Hong Kong without guaranteed quotas for shareholders. First appeared on Lian News ABMedia.

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Crypto

SpaceX plans to spend $24 billion to build a gas-fired power plant and supercomputing center in Texas

The Starbase City Government in Texas announced that SpaceX plans to build a gas-fired power plant and supercomputing facilities on 444 acres of land, with an initial investment of approximately US$24 billion. The city council will consider tax reductions on December 9; the planned site will only be separated from the city of Brownsville, which has implemented a data center moratorium, this summer. This article SpaceX plans to spend US$24 billion to build a gas-fired power plant and supercomputing center in Texas first appeared on Chain News ABMedia.

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BitMine reported an annual net loss of US$6.3 billion and held 5.9 million ether coins

BitMine's annual report for fiscal year 2026 revealed that the net loss for the year was approximately US$6.31 billion, almost all from unrealized losses in Ethereum; it held 5.9 million Ethereum coins, accounting for approximately 4.9% of the circulating supply, and raised US$13.2 billion by issuing 395 million additional shares in one year. There were major deficiencies in internal controls. This article BitMine reported an annual net loss of US$6.3 billion and held 5.9 million Ethereum coins first appeared on Chain News ABMedia.

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